Gridiron Capital LLC has closed its third fund, called Gridiron Capital Fund III, with $850 million in capital commitments. The firm began fundraising for the fund in April 2015.
Gridiron, a middle-market private equity firm based in New Canaan, Connecticut, has raised Fund III to target manufacturing, business services, and specialty consumer product companies. The fund received capital commitments in North America, Europe and Asia with investments from new and old investors, including: endowments and foundations, insurance companies, public and private pension funds, fund of funds, and high net worth individuals. The firm's previous fund, Gridiron Capital Fund II, closed at $425 million in July 2012.